You’d think with Bitcoin still holding strong above $100,000, things would be a little more upbeat in the crypto world.

But nope—investor mood is still stuck in the red.

Despite the price hovering close to its all-time high of $111,900, the broader crypto market is being weighed down by bearish sentiment.

And unfortunately, altcoins are taking the biggest hit as the downward pressure continues.

So what’s dragging things down when Bitcoin is, technically, still flying high? Well, one crypto analyst has some answers—and it’s not just about price.

The $107K Problem: A Stubborn Roadblock for Bulls

Crypto analyst Anup Ziddi recently shared why Bitcoin still feels like it’s in a bearish slump, despite those six-figure price tags.

According to him, it’s all about $107,000.

This price level has turned into a kind of psychological and technical wall.

During Bitcoin’s last attempt to blast through to new highs, it hit resistance at $107K.

And since the price slipped back down, that line has now become a tough hurdle for the bulls to overcome again.

As long as Bitcoin stays below $107,000, Ziddi says bearish pressure is likely to stick around.

And the longer we stay stuck beneath that threshold, the more likely it is that the price could start sliding toward lower support zones.

Where Could Bitcoin Go From Here?

If Bitcoin continues to struggle at this resistance level, Ziddi outlines a few key targets on the way down.

The first drop could take us to $103,500, a level that’s already been tested earlier this week.

From there, we’re looking at $102,500—and if the bleeding doesn’t stop, then $100,000 becomes the critical support line everyone will be watching.

And it’s not just technicals that are worrying analysts.

Ziddi also points to growing geopolitical tension—like Donald Trump’s revived trade war talk—as something that’s adding even more stress to global markets, including crypto.

Another Analyst Breaks Down the Bearish Case

Ziddi’s not alone in his bearish outlook. Another well-known analyst has also chimed in, warning that we might not be done falling just yet.

He highlighted several structural issues in the market, like liquidity sweeps and fair value gaps, which often lead to volatility and downward pressure.

One thing that stood out: he believes that Bitcoin’s move above its all-time high wasn’t a true breakout—it was more of a “stop hunt”, a fake-out that flushed out short positions before reversing.

There’s also that annoying fair value gap between $105,600 and $106,000.

The analyst points out that Bitcoin hasn’t been able to reclaim this zone, which only strengthens the argument for a deeper correction.

Signs of a Breakdown Are Already Here

The real warning sign came when Bitcoin slid back toward $104,300.

That move, the analyst says, could mark the start of a bigger bearish continuation.

“If the price trades back into that imbalance and gets rejected again,” he explained, “we could see it drop further—first back to $104,300, then possibly even $103,600.”

That would bring us alarmingly close to the $100K floor, where many hope a solid support will hold.

Is There Still Hope?

Sure, the short-term vibes aren’t great, but this isn’t the first time Bitcoin’s been through a choppy phase.

Support is still holding at $100,000—for now—and if bulls can break through $107K with strong volume, we could see a bounce back toward higher ground.

But until that happens, traders and investors are likely to stay cautious.

Volatility is back, sentiment is shaky, and it’s becoming clear that Bitcoin isn’t out of the woods just yet.